The company raised full-year view for adjusted per-share earnings to $2.10 to $2.15 a share, from the $2 to $2.10 forecast in July. But for the current quarter, Bemis projects earnings in the range of 47 cents to 52 cents a share, below Street expectations of 54 cents.

Rising food prices and higher production-materials costs recently have weighed on results of packaging companies such as Bemis.

The company is undergoing a restructuring program that involves closing some of its facilities and cutting its workforce. It earlier said that additional restructuring-related charges will be posted in the next few quarters but the program should eventually produce annual savings of about $50 million.

For the third quarter, Bemis reported a profit of $47.4 million, or 45 cents a share, compared with $55.9 million, or 53 cents a share, a year earlier. The latest period included charges tied to acquisitions and facility consolidations. Excluding those items, earnings in the latest period were 60 cents. The company in July forecast a per-share profit of 51 cents to 57 cents.

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